Guest Post: In Case It Wasn't Obvious...

Tyler Durden's picture




 

Via Simon Black of Sovereign Man blog,

Sometimes the writing on the wall seems painfully obvious. But occasionally it's a good idea to step back and look at the big picture:

1) The Land of the Free is set to impose fresh restrictions on firearm ownership... to include a ban on assault weapons, increased background checks, psychological screenings, and criminalizing ammunition magazine clips with a capacity beyond ten rounds.

And if they can't pass these measures by law, the President is prepared to enforce them by royal decree, i.e. executive order.

It's amazing that people have become so fearful, they are now abdicating one of the most fundamental responsibilities of humanity-- protecting and safeguarding our families.

Instead, many Americans are choosing to outsource this responsibility to the same folks who bathe them in radiation at airports, spy on their phone calls and emails, wage senseless wars in foreign lands... and have a horrible track record of screwing up everything they try to do.

Great idea, seems like a hell of a trade-off.

2) The German central bank has announced that they will begin withdrawing their massive gold holdings from the United States.

In what is likely to be the first move among many other sovereign nations, it's clear that governments no longer trust each other, and that the goodwill of the United States is being viewed with increasing suspicion.

As gold holdings flee the United States, how long will it be before they 'close the window' and ban gold exports? Do you really want to find out first hand?

3) The United States government is just weeks away from defaulting on its mountain of debt. Having already technically breached the debt ceiling, their only temporary fix is to seize federal pensions and engage in fraudulent accounting tricks.

Obviously this forebodes a number of potential consequences-- seizure of private retirement accounts, capital controls, etc.  And yet, people in US will merely trust that their government is going to 'fix it', and do absolutely nothing to hedge their bets.

4) European politicians have declared an end to the euro crisis. Notwithstanding the wave of riots across the continent, or the record level of unemployment that was just reached this month, politicians are engaging in self-congratulatory back-slapping for their courageous handling of the crisis.

At this point, Europe has almost become a caricature... its politicians like monocled cartoon villains, twirling their moustaches in dark room.

Absolutely nothing has changed on a fundamental level. Most countries still have massively high debt burdens, pension obgliations, and deficits. And they're still living hand to mouth on the backs of German taxpayers and quantitative easing.

Pretending that the situation has magically resolved itself is either the height of incompetence or intellectual dishonesty.

Curiously, most people seem to know this. Yet they will do absolutely nothing.

They know, for example, that a US default is an entirely feasible option on the table. They understand that the consequences would be disastrous. And yet, most folks will do nothing and simply hope for the best.

The best response is to take steps which make sense in either scenario... no matter what happens.

You won't be worse off for taking control of your retirement account. You won't be worse off for holding some of your hard-earned savings in a strong, stable bank overseas, in a jurisdiction where your politicians can't seize it. You won't be worse off for having some precious metals stashed away overseas... or owning productive land abroad.

All of these steps make sense no matter what. And it's an important strategy to adopt.

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Wed, 01/16/2013 - 16:16 | 3159299 AgAu_man
AgAu_man's picture

I sympathise with your current (?) fiscal position.  But I hope you've at least figured out that YOU are not Simon's target-prospect.  Never spoke to the guy, but I figured out some time ago, that he's looking to help people with 5-7 figure investment region.

You know, "Money talks ... walks."

Wed, 01/16/2013 - 23:07 | 3160982 BooMushroom
BooMushroom's picture

Yeah, poor bastards like us can't really use the "action items" from this article at all.

But there HAVE been other tidbits here on ZH that we can use on occasion.

Wed, 01/16/2013 - 15:37 | 3159075 youngman
youngman's picture

I stepped so far back...I fell over the cliff.......

All these things you mentioned...are facts...truths..but yet it still seems to be plugging along..gold and silver down..bonds at all time highs and people...things still buying them...stocks to the moon...and everyone on welfare...and the New York Tribe gets huge bonuses

I moved to Colombia..own land...had a bank account the the Feds made that just to hard to keep open....waiting for that some day when " the shot heard round the world " happens....

 

Wed, 01/16/2013 - 15:35 | 3159080 CheapBastard
CheapBastard's picture

I'm relieved that there Eurocrisis has ended. I was beginning to worry.

Wed, 01/16/2013 - 15:39 | 3159102 azzhatter
azzhatter's picture

only ended in the media

Wed, 01/16/2013 - 16:01 | 3159222 Al Huxley
Al Huxley's picture

Yeah, for a while there it looked like Greece, and maybe even Spain might be in some trouble.  Lucky they got it all worked out.

Wed, 01/16/2013 - 15:36 | 3159086 maxw3st
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The only point I disagree with is that the US has any chance of defaulting on its debt. GOP congress can posture all it wants, but at the end of the day, the debt ceiling is a "house rule", self–imposed by the GOP members of congress. It's an entirely unenforcable rule under the constitution. Congress cannot pass legislation that involves spending, and then refuse to pay for the spending.

Wed, 01/16/2013 - 15:40 | 3159111 azzhatter
azzhatter's picture

if, and that's a big IF, they had balls they would start defunding programs

Wed, 01/16/2013 - 16:02 | 3159241 SKY85hawk
SKY85hawk's picture

So, THEY promised us $210 billion spending cuts This Year.  

"2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years."

see

http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp

  What's the plan for 2013?  Or, did the Gummint also  IGNORE the promised cuts in 2012?

 

THEY also ignored the $100 billion suggested by CBO (Congressional Budget Office), also a yearly number!

 

http://www.heritage.org/research/reports/2009/10/50-examples-of-government-waste#_edn5 

I'm sure other readers can add to this list!

 

 

Wed, 01/16/2013 - 18:07 | 3159830 AGuy
AGuy's picture

While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have choosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare). While this will not do anything to stem rising Medicare costs, it will help decrease the number of people able to afford Health Insurance.

Please be sure to complain to Washington as the will consider further tax increases to address your concerns. Thank you and have a nice day!

 

Wed, 01/16/2013 - 18:36 | 3159958 Panafrican Funk...
Panafrican Funktron Robot's picture

You do not appear to understand the Constitution.  If the specific dollar amount is not stated in the legislation (and most legislation that results in spending does not authorize a specific dollar amount), then no appropriations have been authorized.  Period.

Thu, 01/17/2013 - 00:47 | 3161222 odatruf
odatruf's picture

It seems you don't understand it either...

Wed, 01/16/2013 - 15:38 | 3159096 AccreditedEYE
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Simon, we call that #winning here in 'Merka. I had someone point that out to me the other day.

Wed, 01/16/2013 - 15:39 | 3159105 TraderTimm
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I await the US Dollar devaluation scenario. Preceded of course, by a presidential announcement that we would "never devalue our currency." Maybe if they spin it right, they can fool everyone into thinking it reduces the debt.

Wed, 01/16/2013 - 15:40 | 3159108 q99x2
q99x2's picture

I think you convinced Q99X2 to go back to work. Like quick.

Wed, 01/16/2013 - 15:45 | 3159136 stiler
stiler's picture

no, sovereign man won't be grexiting anytime soon.

Wed, 01/16/2013 - 15:45 | 3159138 The Alarmist
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It's 9:30 am in Quito and it has only warmed up to 55 degrees Fahrenheit.  Must be global cooling.  It is never too early to buy a parka, and you never know when you will need it.

Wed, 01/16/2013 - 15:48 | 3159150 Fezter
Fezter's picture

Hey, lets try Communist Socialism, maybe that will save us....wait a minute....they tried that already....never mind.

Wed, 01/16/2013 - 15:55 | 3159194 alangreedspank
alangreedspank's picture

Point #1, very well said.

Wed, 01/16/2013 - 15:58 | 3159206 enloe creek
enloe creek's picture

so let's say I own productive land in botswanna or some place what the fuck good will that do? really do you plan to hire locals to work it and pay you from the profits or what? put down your rose colored laptop 

 

Wed, 01/16/2013 - 16:06 | 3159260 trav777
trav777's picture

locals in RSA tell me that mozambique and even nigeria are offering free land and money just please come here and farm.

Meanwhile, RSA and Zimbabwe remain in full reverse.  My 2nd driver there was like every time they take a farm away, another 1000 people go unemployed.  Yes, he was a bleck men.

Wed, 01/16/2013 - 16:00 | 3159217 AgAu_man
AgAu_man's picture

"You won't be worse off for holding some of your hard-earned savings in a strong, stable bank overseas, in a jurisdiction where your politicians can't seize it. You won't be worse off for having some precious metals stashed away overseas... or owning productive land abroad."

Agreed.  Uncommon 'common sense' advice to mitigate 3rd party risks, i.e. Monetary, Fiscal & Taxation, and Regulatory risks.  All risks caused by TBTFail, TBTJail, BigBro.gov.

And yet, the frogs are not jumping, judging by the responses that will be forthcoming:  They will be happy to co-bitch about the water being too warm, and would someone else please do something about it.  Or how they are more clever, since they keep adding ice cubes to their part of the pot.  Or what clever ideas they have and someone might want to act upon.  Or just curse the 'pot-attendant' with some less-than-clever expletives, or, or, or...  Anything but frikkin "jump". 

/sarc off.

"Jump, you damn Frogs! JUMP!"  I have...

80% of my Frog-assets  are safer by being in several places on the globe (true global diversification).  Places I've been to many times and know extremely well.  No, not shilling for Simon, as my Frog-butt is in my own care, not his.  But I agree 100% with his position and general advice. 

Wed, 01/16/2013 - 16:02 | 3159231 lolmao500
lolmao500's picture

And if they can't pass these measures by law, the President is prepared to enforce them by royal decree, i.e. executive order.

But just before that, expect Scalia to have a heart attack or to retire due to ``family matters``...

Wed, 01/16/2013 - 16:02 | 3159235 laomei
laomei's picture

Point #1, unfortunately none of that is true.

Point #2, they have the right and it's not really all that shocking

Point #3, no default will happen on the debt.  Interest is only like 300b a year and easily paid for with taxes.  what WILL happen is payment freezes for everything else

Point #4, meh, everything's fucked anyway... enjoy the ride.

Wed, 01/16/2013 - 16:02 | 3159240 SmoothCoolSmoke
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3) The United States government is just weeks away from defaulting on its mountain of debt. Having already technically breached the debt ceiling, their only temporary fix is to seize federal pensions and engage in fraudulent accounting tricks.

 

DC will be raised.  And guys like this will be saying, "Well, everyone knew they would raise it".  Instead of saying, "Well. i certainly had my head up my ass on that one.  Do not listen to my BS anymore.  Thanks"

Wed, 01/16/2013 - 16:55 | 3159495 CrashisOptimistic
CrashisOptimistic's picture

The DC is not the operative issue.

The Continuing Resolution is.  It would be combined in any DC deal, and it is IT which defines spending.

It expires March 31, defined during the Aug 2011 DC agreement to ensure it went past the election.

Wed, 01/16/2013 - 17:58 | 3159799 tenpanhandle
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I have a simple plan. Raze DC.

Thu, 01/17/2013 - 01:13 | 3161272 AgentScruffy
AgentScruffy's picture

Speaking of D.C. --I live here, and in the past month got nailed for an insane $500 in "speed cam" tickets ---turns out they mounted the cam in the K Street tunnel. There's a natural dip there, and everyone picks up speed w/out trying.

Sick greedy bastards.

Wed, 01/16/2013 - 16:06 | 3159262 electricgorilla
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The question is why now? Why do they want the guns now. Surely the sandy incident didn't have anything to do with it. If that were the case we would have been doing this during columbine, virginia tech, aurora, whatever. So there is more to this. I think once they seize the weapons then the real drama unfolds.

Wed, 01/16/2013 - 16:38 | 3159409 AgAu_man
AgAu_man's picture

Ditto.  I smell the mother of all False Flags coming.  A lot of Bushama's team are bailing.  Family, health...

Wed, 01/16/2013 - 16:07 | 3159268 aerojet
aerojet's picture

The 23 executive orders were a whole bunch of nothing.  Some of the actually make sense--encouraging schools to create resource officer programs, for example.  The public health stuff is just bs--they tried to make gun violence a public health issue in the past and those who didn't lie, found out pretty quickly that violence in the US has very little to do with middle class people and that gun accidents happen, but they are nothing compared to really big killers like, oh, car accidents.

Obama receives a lot of ire from the gun lovers, but sometimes I think he is a double-agent and that he needs to appease his base, but that he really doesn't want this fight at all.  We shall see.  Andrew Cuomo, on the other hand, must be a full-on fanatic freak.

Wed, 01/16/2013 - 17:46 | 3159741 eddymunster
eddymunster's picture

-1 for thinking obammy is on my side.

Wed, 01/16/2013 - 16:13 | 3159285 adr
adr's picture

Let's take a step back and look at the insanity of just today.

Apple surges 5% because analysts who still have a $750+ target on the stock say concerns are overblown. Yeah right. Of course all the bad news may just be cover to make more dough when Apple creates the world greatest fudge in a week or so. Imagine the stock shooting up $300 in a couple days.

Google drops close to 2% because Farcebook announces an internal search engine and partnership with Bing. Wow, Farcebook will let me search my friends likes and dislikes and let me find out what my friends like. WOW BECAUSE I DON'T ACTUALLY KNOW ANYTHING ABOUT MY FRIENDS AT ALL!!!

Obama announces gun control that is almost completely tied to health care. Letting hospitals know there isn't a law that says they can't ask patients about guns. Also that there isn't a law that prevents them from reporting threats. From what it looks like there will be about 13 new agencies crated to monitor health care gun control.

I think we need to monitor and enact dental control. Those guys are always poking people with sharp objects and torturing poor souls by drilling holes in their teeth. I'm pretty sure waterboarding isn't even close to a root canal with a dose of novacaine that was too small.

While we're at it. Doctors keep cutting up patients, removing vital organs. Sure they claim they are saving lives, but how do we really know. If I'm unconscious and George Soros needs a new liver, and I'm a match...

Wed, 01/16/2013 - 18:33 | 3159949 ZeroAvatar
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Adr:  Apple surged 5%, tOmBama's gun control is tied to health care:  Apple and health care have a future together:

 

http://www.pakalertpress.com/2012/07/24/all-americans-will-receive-a-mic...

 

Every person will be tracked via his 'smartphone'.  All payments will be made that way.  They will know where you are at all times, what you think (that's why Farcebook is setting up its 'own' search engine, to more closely monitor your thinking habits) and how much money you have, where you spend it, and so forth.

Wed, 01/16/2013 - 16:16 | 3159300 Mad Mohel
Mad Mohel's picture

Stopped reading at "ammunition magazine clips". What is this guy, a limey? If so, thanks for your input, but you people proved you don't know shit about shit. Bye.

Wed, 01/16/2013 - 16:35 | 3159399 dobermangang
dobermangang's picture

Japan is still the black swan.  Everybody forgets about Japan.  I hope Kyle lets me in his bunker when the SHTF.

Wed, 01/16/2013 - 17:03 | 3159543 Pumpkin
Pumpkin's picture

I know I sound like old record that just keeps repeating but, Title 18 Section 7 of the US code defines the territorial jurisdiction of the United States and says THREE TIMES, THAT IT DOES NOT EXTEND INTO THE SEVERAL STATES.  Only land within a state that title and jurisdiction has been ceded by the state legislature is within that territorial jurisdiction.  Look it up, it is only about one page. And then tell everyone you know!!!

Wed, 01/16/2013 - 18:07 | 3159826 tenpanhandle
tenpanhandle's picture

but tell it to them softly. An 8' by 8' cell in a FEMA camp will definately make you a Citizen of the USA as opposed to a sovereign resident of these several states.

Wed, 01/16/2013 - 17:15 | 3159599 Acidtest Dummy
Acidtest Dummy's picture

The Hague has a war criminal deficit, we (USA) have a war criminal surplus -- let's start there.

Wed, 01/16/2013 - 17:32 | 3159676 Bobportlandor
Bobportlandor's picture

Don't you all get it, it doesn't matter what the crisis is, what laws are broken, there is know one on the opposite side to call them on it.

There are different rules to follow when playing poker, and we all entered a game called Open Stakes.

In Open stakes even if you hold a Royal Flush: Ace, King, Queen, Jack and 10, U loose if you can't come up with the cash.

They can hold  7 5 4 3 2 and beat you all day.

People will play for only so long before the rules are changed or the six shooter comes out.

 

Wed, 01/16/2013 - 17:36 | 3159699 Cicero50
Cicero50's picture

I have read on this thread and others at ZH about "confiscation of private retirement accounts".  Can someone explain to this dim reader just how the fuck the gubmint can confiscate our 401Ks and IRA's (other than by taxing them to oblivion)?

Wed, 01/16/2013 - 18:22 | 3159887 tenpanhandle
tenpanhandle's picture

when you take the benifit you take the poison.  When putting your dough into these accounts you are taking a benifit to defer the taxes on that income contributed and income derived within the account.   This keeps your money within the reach and grasp of the Federal Govt. and with certain controls placed upon it.  As long as you have not paid the taxes on the money, it is not really yours.  Nothing is given freely or for your well being if from our Govt. All benifits cost you some freedoms.  To sum it all up, the Govt. can take, change, steal, confiscate the money in IRAs and 401Ks because you have left it in their pockets. 

Wed, 01/16/2013 - 19:26 | 3160180 The Alarmist
The Alarmist's picture

The short and simple answer is that they can define what is or is not a qualifying investment that can be held in your tax-qualified retirement account.  You wake up one day to find out you can only invest in US Treasuries.  If they are feeling really rambunctious, you wake up one day to find a button has been pressed and your funds are now on deposit in a LockBox somewhere and you now hold a virtual certificate that tells you you own an annuity that will be paid alongside your regular social security payment when you reach a qualifying retirement age.

Wed, 01/16/2013 - 21:27 | 3160622 mjcOH1
mjcOH1's picture

"...you now hold a virtual certificate that tells you you own an annuity that will be paid alongside your regular social security payment when you reach a qualifying retirement age."

I believe that will end up as "...in lieu of your regular social security payment...".

Wed, 01/16/2013 - 17:53 | 3159778 william114085
william114085's picture

most overseas banks won't open bank accounts for Americans, due to the massive red tape rolled out by Washington last year (to catch al queda, of course)

Wed, 01/16/2013 - 18:17 | 3159860 Michelle
Michelle's picture

Bought 2 very large popcorn buckets for the kiddies for Christmas, I think I'll fill them with steamy hot buttery popcorn and sit back and watch Obama Drama, Amerika's newest and most popular reality show.

Wed, 01/16/2013 - 18:22 | 3159885 ZeroAvatar
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Europe, a caricature, its politicians like monocled cartoon villains,

 

Mr. Peanut?  The Penguin?  The Monopoly Banker?  Scrooge McDuck?  WHICH monocled cartoon villain, DAMMIT?

Wed, 01/16/2013 - 18:30 | 3159932 tenpanhandle
tenpanhandle's picture

All of them, DAMMIT, except Mr. Peanut.  He's no villain or everyone wouldn't invite him to their parties.  As well, even though Kolonel Klink is a caricature of a villain his name has the sound of real money and should not be included.

Wed, 01/16/2013 - 19:08 | 3160106 joego1
joego1's picture

So when America is a dead beat nation what makes people so sure that  in these safe haven countries people won't be tempted to take your shit and poke you with sharp sticks?

Thu, 01/17/2013 - 00:35 | 3161202 ebworthen
ebworthen's picture

Have I posted anything today about the U.S.S.A. being a banana republic of rampant fascists?

No?  O.K. then, this is it.

Do NOT follow this link or you will be banned from the site!